UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of October 2025
Commission File Number 001-39339
HiTek Global Inc.
(Translation of registrant’s name into English)
Unit 304, No. 30 Guanri Road, Siming District
Xiamen City, Fujian Province, People’s
Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F
☐
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Sales Agreement for
At The Market Offering Program
On
October 8, 2025, Hitek Global Inc., an exempted company incorporated under the laws of the Cayman Islands (the “Company”)
entered into a sales agreement (the “Sales Agreement”) with AC Sunshine Securities LLC (the “Sales Agent”),
acting as the Company’s sales agent, pursuant to which the Company may offer and sell, from time to time, to or through the Sales
Agent, up to 15,075,376 Class A ordinary shares of the Company, par value $0.0001 per share (the “Class A Ordinary Shares”)
having an aggregate offering price of up to Thirty Million Dollars ($30,000,000), which, as of the date of this report, is subject to
the limitations set forth in General Instruction I.B.5. of Form F-3, or an aggregate offering price of up Four Million Three Thousand
Four Hundred Fifty-Eight Dollars ($4,003,458) or 2,011,787 Class A Ordinary Shares (the “Offered Securities”), calculated
based on the closing price of Class A Ordinary Shares of $1.99 per Class A Ordinary Share as reported on the Nasdaq Capital Market on
September 11, 2025.
Under
the Sales Agreement, the Offered Securities will be offered and sold pursuant to a base prospectus, dated May 16, 2024 and a prospectus
supplement, dated October 8, 2025, that forms a part of the Company’s shelf registration statement on Form F-3, as amended (File
No. 333-279459) (the “Registration Statement”), which Registration Statement was declared effective by the Securities
and Exchange Commission on May 29, 2024.
The
Company is not obliged to sell any Offered Securities under the Sales Agreement, and the Sales Agent is not under any obligation to purchase
any Offered Securities on a principal basis pursuant to the Agreement, except as otherwise agreed by the Sales Agent and the Company in
writing pursuant to a separate agreement setting forth the terms of such sale. Subject to the terms and conditions of the Sales Agreement,
the Sales Agent will use commercially reasonable efforts consistent with its normal trading and sales practices, applicable state and
federal laws, rules and regulations and the rules of The Nasdaq Stock Market LLC to sell Offered Securities from time to time based upon
the Company’s instructions, including any price, time or size limits specified by the Company. Upon delivery of a sales notice,
and subject to the Company’s instructions in that notice, and the terms and conditions of the Sales Agreement generally, the Sales
Agent may sell Offered Securities by any method permitted by law that is deemed to be an “at the market offering” as defined
by Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The Company will
pay the Sales Agent a commission of three- and one-half percent (3.5%) of the aggregate gross proceeds from each sale of the Offered Securities
and has agreed to provide the Sales Agent with customary indemnification and contribution rights. The Company has also agreed to reimburse
the Sales Agent for certain specified expenses of up to $70,000 in the aggregate.
The
foregoing summary of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the full text
of the Sales Agreement, a copy of which is attached as an exhibit to this Form 6-K and incorporated by reference herein. A copy of the
opinion of Maples and Calder (Cayman) LLP, as Cayman Islands counsel to the Company, regarding the legality of the issuance and allotment
of the Class A Ordinary Shares underlying the Offered Securities under the Sales Agreement is attached hereto as Exhibit 5.1 and is incorporated
by reference herein.
This
Form 6-K shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of Offered Securities
in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
Incorporation By Reference
This report on Form 6-K (“Report”)
shall be deemed to be incorporated by reference into: (i) the Registration Statement; (ii) the registration statement on Form F-3 (File
No. 333-281723) of the Company; (iii) the registration statement on Form S-8 (File No. 333-289245) of the Company, each filed with the
U.S. Securities and Exchange Commission on, respectively, May 16, 2024, August 22, 2024, and August 5, 2025 (collectively, and as amended
from time to time, the “Registration Statements”), and into each prospectus or prospectus supplement outstanding under
the Registration Statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Company under
the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
EXHIBIT INDEX
| Exhibit No. |
|
Description of Exhibit |
| 5.1 |
|
Opinion of Maples and Calder (Cayman) LLP, Cayman Islands counsel to the Company |
| 10.1 |
|
Sales Agreement, dated October 8, 2025, by and between the Company and the Sales Agent |
| 23.1 |
|
Consent of Maples and Calder (Cayman) LLP, Cayman Islands counsel to the Company (included in Exhibit 5.1) |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 9, 2025
| HiTek Global Inc. |
|
| |
|
|
| By: |
/s/ Xiaoyang Huang |
|
| |
Xiaoyang Huang |
|
| |
Chief Executive Officer |
|
| |
(Principal Executive Officer) |
|
